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Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant in his employers 401(k). His employer also made

Jason, age 52, is a highly compensated employee who earns $300,000 per year and is a participant in his employer’s 401(k). His employer also made a 20% profit sharing plan contribution during the year. Ignoring the ADP test requirements, what is the maximum amount that Jason can defer under the 401(k) during 2020?

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